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PPF Calculator

Public Provident Fund (India) — Maturity Value & Tax Savings

Maturity Value ₹0
Total Invested ₹0
Total Interest Earned ₹0
Tax Saved (80C) ₹0
₹
Min ₹500 · Max ₹1,50,000 per year (Section 80C limit)
15 years (mandatory) — extendable in 5-year blocks
Current rate: 7.1% p.a. (Q4 FY 2025-26) — compounded annually
Used to calculate 80C tax savings on contributions (old tax regime)
PPF Key Features (2025-26)
Interest Rate7.1% p.a.
Lock-in Period15 years
Max Deposit/Year₹1,50,000
Tax StatusEEE (Exempt-Exempt-Exempt)
Partial WithdrawalAfter 7 years
Extension Blocks5-year increments

What Is PPF (Public Provident Fund)?

The Public Provident Fund (PPF) is a government-backed long-term savings scheme introduced in India in 1968. It is one of the most popular investment options for Indian taxpayers due to its EEE (Exempt-Exempt-Exempt) tax status — contributions qualify for deduction under Section 80C, interest earned is completely tax-free, and the maturity amount is also tax-free. PPF accounts can be opened at any post office or authorised bank (SBI, Bank of Baroda, HDFC, ICICI, etc.).

PPF Interest Rate 2025-26

The government reviews PPF interest rates quarterly. The rate has remained at 7.1% per annum since Q1 FY 2020-21 (April 2020). Interest is calculated on the minimum balance between the 5th and the last day of each month and credited to the account at the end of each financial year (March 31). To maximise interest, deposit before the 5th of each month — deposits made after the 5th miss that month's interest calculation.

PPF Contribution Rules

  • Minimum deposit: ₹500 per financial year (account becomes inactive if minimum is not met)
  • Maximum deposit: ₹1,50,000 per financial year (including deposits to minor's account)
  • Frequency: Lump sum or up to 12 installments per year
  • Section 80C deduction: Contributions up to ₹1,50,000 are deductible (old tax regime only — not applicable under the new default tax regime)

PPF Withdrawal & Extension Rules

  • Maturity: After 15 years, the full corpus can be withdrawn tax-free
  • Partial withdrawal: Allowed from Year 7 onwards — up to 50% of the balance at the end of the 4th year preceding the withdrawal year, or the balance at the end of the immediately preceding year, whichever is lower
  • Extension: After 15 years, extend in 5-year blocks — with or without additional contributions. If extended without deposits, interest continues to accrue at the prevailing rate
  • Premature closure: Permitted after 5 years for medical treatment, higher education, or change in residential status (NRI) — subject to a 1% interest penalty

PPF vs Other Tax-Saving Instruments

PPF is often compared with ELSS mutual funds and NSC under Section 80C. PPF offers guaranteed, sovereign-backed returns with EEE taxation, making it ideal for risk-averse investors. ELSS offers potentially higher returns but carries market risk and has a 3-year lock-in. NSC has a 5-year lock-in and the interest is taxable. For investors who value capital safety and want completely tax-free maturity, PPF remains the benchmark instrument.

⚠️ This calculator provides estimates based on a constant interest rate. Actual PPF interest rates are revised quarterly by the Government of India. Tax benefits under Section 80C apply only under the old tax regime. Consult a SEBI-registered financial advisor for personalised advice.